Current positions
- USDCHF: (short 2 lots) profit at +400. Took profit with 1 lot when the markets opened back up for +400p profit.
- GBPUSD: (long 3 lots) stopped out for -215p loss. Probably shouldn't have entered it to begin with, the weekly stochs weren't solid and the daily trend was very much down.
New positions
- None. Didn't take GBPCHF long because of trend conflicts
Pairs to watch
Current positions
- USDCHF: (short 3 lots) profit stagnant at 398. Will close one lot tomorrow if stochs remain where they are.
New positions- GBPUSD: long 3 lots @ 1.9694 with SL at 1.9479 (previous low+little extra).
Pairs to watch
- GBPCHF but looks like conflicting trends
Images
Current positions
- EURUSD: (long 2 lots) stopped out because of this huge bar today, I had trailed my stop to 1.4611, so my last two lots got stopped out there on my demo account. My plan was to just exit one lot at the next exit signal (which would have been today anyway), but obviously both got stopped out. So the question is, do I leave the stops at breakeven once I'm up a few hundred pips on a pair, or trail it? Should I trail every day? Should I trail only when it's up by 2x of what the trail is? i.e. trade is +200, move it to BE. Trade is +400, move to +200. Who knows. I'll keep an eye on it to see what would have happened to my third lot.
- USDCHF: (short 3 lots) profit at +407. Getting close to 23.6 again!
New positions
Pairs to watch
- Hey there USDCAD, want to come down anytime soon?
- Maybe EURUSD will give us another chance at the long side.
- GBPUSD creeping back up
- GBPCHF wut r u doin? I have no idea what to make of those charts. They make me wish I had shorted it though!
Current positions
- EURUSD: (long 2 lots) profit at +348. News news news, stochs headed towards 76.4, stay tuned.
- USDCHF: (short 3 lots) profit at +507. Looking better for me than the euro.
- EURJPY: (long 3 lots) stopped out for 250p loss! Boo-hoo. Stochs were headed straight down on the weekly when I entered this trade, so I won't be taking signals when they're like that in the future.
New positions
Pairs to watch
Preface
Current positions
- EURUSD: (long 2 lots) profit +385, 4 hours after the new candle. Saw a bounce off of/around the 1.49 level, will we make it to 1.5? Stochs starting to fall on this new candle.
- USDCHF: (short 3 lots) profit at +488, 4 hours after the new candle. Saw a bounce off of a previous low, and also the 1.09 level is around there.
- EURJPY: (long 3 lots) profit at -43, 4 hours after the new candle. Stochs hooking down strongly on this new bar on the daily chart.
New positions
Pairs to watch
- USDCAD to go short
- Dear cable, you are boring.
Current positions
- EURUSD: (long 2 lots) profit at +322. Gapped up from Friday's close. Wondering if we'll break the high of the fourth. Trailed my stop to 200p away.
- USDCHF: (short 3 lots) profit at +411. Gapped down from Friday's close. Will we see a retracement to the Nov 23rd low? Trailed my stop to 200p away.
New positions
- EURJPY: long 3 lots @ 161.06. Yea I did it. Looks like we could be in a pennant formation, see screenshot. Friday's close brought the 14 stoch to 23.65 on my chart, so I treated that as a valid signal, even though the current level is below 23.6 and the 5 period stoch is perhaps rubber-banding back to the rope. I set my stop loss below the fib levels on the chart, which are about 250p away. Weekly stochs are pointing down, so I guess we might be in store for some drawdown to start this trade off as the weeklies flip back up (which they will hopefully do.)
Pairs to watch
- USDCAD to go short. Maybe.
Images
Current positions
- EURUSD: (long 2 lots) profit at +321. Whipsaws like yesterday are why I think the 3 lot money management system will be better than all-in and all-out. I think I'll trail my stop up to 1.4547 due to S/R in that area (3 fib levels, see the attached pic) and for the sake of protecting some more profits.
- USDCHF: (short 3 lots) profit at +371. Glad the stochs stayed under 23.6 the other day! The 14 was at 22.9 when I had to exit the EURUSD 1 lot. Trailing my stop to 1.1279.
New positions
Pairs to watch
- EURJPY to go long. Weekly is up, but daily has been ranging. It's currently at the bottom of the range and made a higher low, and stochs are breaking up the 23.6 level, so I think it will be OK. Only thing that I'm wondering about is how high the 5 period stoch already is. Might mean that this is a short term move that has already been exhausted, or it might pull the rest of the stochs up like crazy. Either way, they might reach overbought really quickly and who knows how long they will stay there. Looking at the charts again, I think It will require a little more judgement on whether to enter or not. This might turn into a good learning experience :)
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